Magnus Carlsen, Chess grandmaster receives an NFT trophy for winning a tournament

Magnus Carlsen, Chess grandmaster receives an NFT trophy for winning a tournament

NFTs are gradually finding a niche in all aspects of life, recently, grandmaster Magnus Carlsen has been awarded a nonfungible token (NFT) trophy for winning an international chess tournament. Grandmaster Magnus Carlsen has been awarded a nonfungible token (NFT) trophy for winning an international chess tournament, the Meltwater Champions Chess Tou r, for the first […]

Animoca Brands CEO says NFTs are a ‘store of culture’

Animoca Brands CEO says NFTs are a ‘store of culture’

Co-founder and chairman of NFT game creator Animoca Brands, Yat Siu, says NFTs offer a new means for culture to be stored virtually, also that new NFT users should look past profit and see how NFTs can shape culture. While the technology that underpins NFTs is new, Siu noted in an interview that the desire […]

Creator for NFT projet Evolved Apes allegedly absconds with $2.7 million

Creator for NFT projet Evolved Apes allegedly absconds with $2.7 million

Investors in Evolved Apes, a nonfungible token (NFT) project, are concerned about the project’s anonymous developer’s absence. Although, efforts are underway to apprehend the alleged culprit. The developer, who goes by the alias “Evil Ape,” is accused of stealing 798 Ether (ETH) worth more than $2.7 million from the project’s funds. The allegedly stolen monies […]

TikTok sets to release video NFTs on the Ethereum network

TikTok Sets to Label AI-generated Content for Authenticity

TikTok, a popular social video sharing platform, said today that it will create a line of video NFT which will be issued on Immutable X, a layer-2 scaling solution for Ethereum. TikTok will enlist the help of some of its most popular producers to create six NFTs based on existing, “culturally significant” videos on the […]